American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity. As of December 31, 2020, it provided water service to approximately 261,796 customers located throughout 10 counties in the State of California; and distributed electricity to approximately 24,545 customers in San Bernardino County mountain communities in California. The company also provides water and/or wastewater services, including the operation, maintenance, and construction of facilities at the water and/or wastewater systems at various military installations. American States Water Company was founded in 1929 and is headquartered in San Dimas, California.
IPO Year:
Exchange: NYSE
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/31/2024 | $80.00 → $87.00 | Underweight → Equal Weight | Wells Fargo |
| 6/28/2023 | $94.00 → $89.00 | Equal Weight → Underweight | Wells Fargo |
| 5/12/2023 | $90.00 → $94.00 | Underweight → Equal Weight | Wells Fargo |
| 1/5/2023 | Buy → Neutral | Seaport Research Partners | |
| 11/30/2022 | $92.00 | Sell | UBS |
| 10/20/2022 | $85.00 | Equal Weight → Underweight | Wells Fargo |
| 2/24/2022 | $94.00 → $86.00 | Equal-Weight | Wells Fargo |
| 2/9/2022 | $96.00 → $86.00 | Underweight | Barclays |
| 12/8/2021 | $87.00 → $96.00 | Equal Weight → Underweight | Barclays |
| 12/1/2021 | $98.00 → $97.00 | Equal-Weight | Wells Fargo |
On October 29, 2024, the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.4655 per share on the Common Shares of the company. This action marks the 354th consecutive dividend payment by the company. American States Water Company has paid dividends to shareholders every year since 1931, increasing the dividends received by shareholders each calendar year for 70 consecutive years, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company's quarterly dividend rate has grown at a compound annual growth rate ("CAGR") of 8.8% over the last five years since the third quarter of 201
American States Water Company (NYSE:AWR) announced today that the company intends to release its third quarter ended September 30, 2024 financial results after the market closes on Wednesday, November 6, 2024. Robert Sprowls, president and chief executive officer, and Eva Tang, senior vice president and chief financial officer, will host a conference call to discuss these results at 2:00 p.m. Eastern Time (11:00 a.m. Pacific Time) on Thursday, November 7. There will be a question and answer session as part of the call. Interested parties can listen to the live conference call and view accompanying slides on the internet at www.aswater.com. The call will be archived on the website and avail
Second quarter 2024 recorded and adjusted earnings were both $0.85 per share compared to second quarter 2023 recorded earnings of $1.04 per share and adjusted earnings of $0.86 per share Adjusted earnings for the second quarter 2023 exclude $0.18 per share related to the reversal of previously recorded revenues subject to refund following the receipt of a final decision in the cost of capital proceeding in June 2023 AWR's water utility reached a settlement agreement in connection with the general rate case that will determine new water rates for 2025 – 2027 Settlement agreement, if approved, authorizes $573.1 million in capital investment Quarterly dividend increased 8.3%
Quarterly dividend rate has grown at a CAGR of 8.8% over the last five years On July 30, 2024, the Board of Directors of American States Water Company (NYSE:AWR) approved an increase in the company's third quarter cash dividend to $0.4655 per share from $0.4300 per share on the common shares of the company. The annualized dividend rate after this increase is $1.862 per share, which represents an 8.3% increase from the current annualized dividend rate of $1.72 per share. This action marks the 353rd consecutive dividend payment by the company. American States Water Company has paid dividends every year since 1931, increasing the dividends received by shareholders each calendar year for 70
American States Water Company (NYSE:AWR) announced that on July 12, 2024, its regulated water utility subsidiary, Golden State Water Company (GSWC) and the Public Advocates Office (Cal Advocates) at the California Public Utilities Commission (CPUC) filed a joint motion to adopt a settlement agreement between GSWC and Cal Advocates in connection with the water utility general rate case. GSWC had filed a general rate case application in August 2023 for all of its water regions and the general office to determine new rates for the years 2025 - 2027. The CPUC is scheduled to issue a decision in the water general rate case by the end of 2024 with the new rates expected to become effective Januar
American States Water Company (NYSE:AWR) announced today that the company intends to release its second quarter ended June 30, 2024 financial results after the market closes on Tuesday, August 6, 2024. Robert Sprowls, president and chief executive officer, and Eva Tang, senior vice president and chief financial officer, will host a conference call to discuss these results at 2:00 p.m. Eastern Time (11:00 a.m. Pacific Time) on Wednesday, August 7. There will be a question and answer session as part of the call. Interested parties can listen to the live conference call and view accompanying slides on the internet at www.aswater.com. The call will be archived on the website and available for
American States Water Company (AWR: NYSE) announced today that the California Supreme Court (the "Court") issued a ruling on July 8, 2024 that set aside a previously issued order by the California Public Utilities Commission ("CPUC") in August 2020, which had mandated the discontinuation of an existing full revenue decoupling mechanism known as the Water Revenue Adjustment Mechanism ("WRAM") used by investor owned water utilities since 2008 that, in conjunction with tiered rates, incentivizes water conservation. In response to the CPUC's order, AWR's regulated water utility, Golden State Water Company ("GSWC"), three other investor-owned water utilities and the California Water Association
2024 first quarter recorded (and adjusted) earnings were $0.62 per share, compared to 2023 first quarter recorded earnings of $0.93 per share. Adjusted earnings for 2023 first quarter were $0.60 per share excluding: $0.38 per share related to the full year of 2022 because of receiving a proposed decision in the water utility general rate case, and $0.05 per share recorded as revenues subject to refund that were subsequently reversed in June 2023 upon receiving the final decision in the cost of capital proceeding. AWR's contracted services subsidiary began operating the water and wastewater utility systems at two new military bases during April 2024 American States Water Comp
On May 6, 2024, the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.43 per share on the Common Shares of the company. This action marks the 352nd consecutive dividend payment by the company. For 69 consecutive years, American States Water Company shareholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company's current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term. The company's quarterly dividend rate has grown at a compound annual growth rate of 9.4% o
American States Water Company (AWR: NYSE) announced today that after successful transitions, its contracted services subsidiary, American States Utility Services, Inc. ("ASUS"), has officially begun operating the water and wastewater utility systems at Naval Air Station Patuxent River in Maryland under a 50-year privatization contract with the U.S. government and at Joint Base Cape Cod in Massachusetts under a 15-year contract with the U.S. government. Operations commenced at Naval Air Station Patuxent River on April 1, 2024. The value of this contract is estimated at approximately $349 million over a 50-year period and is subject to an inventory adjustment and annual economic price adjus
On October 29, 2024, the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.4655 per share on the Common Shares of the company. This action marks the 354th consecutive dividend payment by the company. American States Water Company has paid dividends to shareholders every year since 1931, increasing the dividends received by shareholders each calendar year for 70 consecutive years, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company's quarterly dividend rate has grown at a compound annual growth rate ("CAGR") of 8.8% over the last five years since the third quarter of 201
American States Water Company (NYSE:AWR) announced today that the company intends to release its third quarter ended September 30, 2024 financial results after the market closes on Wednesday, November 6, 2024. Robert Sprowls, president and chief executive officer, and Eva Tang, senior vice president and chief financial officer, will host a conference call to discuss these results at 2:00 p.m. Eastern Time (11:00 a.m. Pacific Time) on Thursday, November 7. There will be a question and answer session as part of the call. Interested parties can listen to the live conference call and view accompanying slides on the internet at www.aswater.com. The call will be archived on the website and avail
Second quarter 2024 recorded and adjusted earnings were both $0.85 per share compared to second quarter 2023 recorded earnings of $1.04 per share and adjusted earnings of $0.86 per share Adjusted earnings for the second quarter 2023 exclude $0.18 per share related to the reversal of previously recorded revenues subject to refund following the receipt of a final decision in the cost of capital proceeding in June 2023 AWR's water utility reached a settlement agreement in connection with the general rate case that will determine new water rates for 2025 – 2027 Settlement agreement, if approved, authorizes $573.1 million in capital investment Quarterly dividend increased 8.3%
Quarterly dividend rate has grown at a CAGR of 8.8% over the last five years On July 30, 2024, the Board of Directors of American States Water Company (NYSE:AWR) approved an increase in the company's third quarter cash dividend to $0.4655 per share from $0.4300 per share on the common shares of the company. The annualized dividend rate after this increase is $1.862 per share, which represents an 8.3% increase from the current annualized dividend rate of $1.72 per share. This action marks the 353rd consecutive dividend payment by the company. American States Water Company has paid dividends every year since 1931, increasing the dividends received by shareholders each calendar year for 70
American States Water Company (NYSE:AWR) announced that on July 12, 2024, its regulated water utility subsidiary, Golden State Water Company (GSWC) and the Public Advocates Office (Cal Advocates) at the California Public Utilities Commission (CPUC) filed a joint motion to adopt a settlement agreement between GSWC and Cal Advocates in connection with the water utility general rate case. GSWC had filed a general rate case application in August 2023 for all of its water regions and the general office to determine new rates for the years 2025 - 2027. The CPUC is scheduled to issue a decision in the water general rate case by the end of 2024 with the new rates expected to become effective Januar
American States Water Company (NYSE:AWR) announced today that the company intends to release its second quarter ended June 30, 2024 financial results after the market closes on Tuesday, August 6, 2024. Robert Sprowls, president and chief executive officer, and Eva Tang, senior vice president and chief financial officer, will host a conference call to discuss these results at 2:00 p.m. Eastern Time (11:00 a.m. Pacific Time) on Wednesday, August 7. There will be a question and answer session as part of the call. Interested parties can listen to the live conference call and view accompanying slides on the internet at www.aswater.com. The call will be archived on the website and available for
American States Water Company (AWR: NYSE) announced today that the California Supreme Court (the "Court") issued a ruling on July 8, 2024 that set aside a previously issued order by the California Public Utilities Commission ("CPUC") in August 2020, which had mandated the discontinuation of an existing full revenue decoupling mechanism known as the Water Revenue Adjustment Mechanism ("WRAM") used by investor owned water utilities since 2008 that, in conjunction with tiered rates, incentivizes water conservation. In response to the CPUC's order, AWR's regulated water utility, Golden State Water Company ("GSWC"), three other investor-owned water utilities and the California Water Association
2024 first quarter recorded (and adjusted) earnings were $0.62 per share, compared to 2023 first quarter recorded earnings of $0.93 per share. Adjusted earnings for 2023 first quarter were $0.60 per share excluding: $0.38 per share related to the full year of 2022 because of receiving a proposed decision in the water utility general rate case, and $0.05 per share recorded as revenues subject to refund that were subsequently reversed in June 2023 upon receiving the final decision in the cost of capital proceeding. AWR's contracted services subsidiary began operating the water and wastewater utility systems at two new military bases during April 2024 American States Water Comp
On May 6, 2024, the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.43 per share on the Common Shares of the company. This action marks the 352nd consecutive dividend payment by the company. For 69 consecutive years, American States Water Company shareholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company's current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term. The company's quarterly dividend rate has grown at a compound annual growth rate of 9.4% o
American States Water Company (AWR: NYSE) announced today that after successful transitions, its contracted services subsidiary, American States Utility Services, Inc. ("ASUS"), has officially begun operating the water and wastewater utility systems at Naval Air Station Patuxent River in Maryland under a 50-year privatization contract with the U.S. government and at Joint Base Cape Cod in Massachusetts under a 15-year contract with the U.S. government. Operations commenced at Naval Air Station Patuxent River on April 1, 2024. The value of this contract is estimated at approximately $349 million over a 50-year period and is subject to an inventory adjustment and annual economic price adjus
8-K - AMERICAN STATES WATER CO (0001056903) (Filer)
10-Q - AMERICAN STATES WATER CO (0001056903) (Filer)
8-K - AMERICAN STATES WATER CO (0001056903) (Filer)
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Effective February 8, 2023, American States Water Company (NYSE:AWR) appointed Thomas A. Eichelberger as a director of the company in order to fill a vacancy on the board created by the resignation of Sarah J. Anderson. He will stand for election along with other class III directors at the annual meeting in 2023. Mr. Eichelberger was also appointed as a director of the company's wholly-owned subsidiary, Golden State Water Company. Mr. Eichelberger had a distinguished 37-year career in public accounting, retiring in May 2022 as an Audit Partner at Deloitte & Touche LLP. He served complex companies, with a primary focus on serving large utility holding companies with rate-regulated subsidiar
Wells Fargo upgraded American States Water from Underweight to Equal Weight and set a new price target of $87.00 from $80.00 previously
Wells Fargo downgraded American States Water from Equal Weight to Underweight and set a new price target of $89.00 from $94.00 previously
Wells Fargo upgraded American States Water from Underweight to Equal Weight and set a new price target of $94.00 from $90.00 previously
Seaport Research Partners downgraded American States Water from Buy to Neutral
UBS initiated coverage of American States Water with a rating of Sell and set a new price target of $92.00
Wells Fargo downgraded American States Water from Equal Weight to Underweight and set a new price target of $85.00
Wells Fargo reiterated coverage of American States Water with a rating of Equal-Weight and set a new price target of $86.00 from $94.00 previously
Barclays reiterated coverage of American States Water with a rating of Underweight and set a new price target of $86.00 from $96.00 previously
Barclays downgraded American States Water from Equal Weight to Underweight and set a new price target of $96.00 from $87.00 previously
Wells Fargo reiterated coverage of American States Water with a rating of Equal-Weight and set a new price target of $97.00 from $98.00 previously
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New Rates For 2025-2027 Expected To Be Effective January 1, 2025, Pending CPUC Decision By End Of 2024
Wells Fargo analyst Jonathan Reeder maintains American States Water (NYSE:AWR) with a Underweight and raises the price target from $77 to $80.
American States Water (NYSE:AWR) reported quarterly earnings of $0.62 per share which met the analyst consensus estimate. This is a 3.33 percent increase over earnings of $0.60 per share from the same period last year. The company reported quarterly sales of $135.251 million which beat the analyst consensus estimate of $119.000 million by 13.66 percent. This is a 16.21 percent decrease over sales of $161.423 million the same period last year.
American States Water (NYSE:AWR) reported its Q4 earnings results on Wednesday, February 21, 2024 at 04:30 PM. Here's what investors need to know about the announcement. Earnings American States Water missed estimated earnings by 22.64%, reporting an EPS of $0.41 versus an estimate of $0.53. Revenue was down $187 thousand from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.11 which was followed by a 2.25% drop in the share price the next day. Here's a look at American States Water's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.83 0.79 0.52 0.82 EPS Actual 0.72 0.83 0.57 0.50 Revenue Estimate 152.00M 128
American States Water (NYSE:AWR) reported quarterly earnings of $0.55 per share which beat the analyst consensus estimate of $0.54 by 1.85 percent. The company reported quarterly sales of $125.18 million which missed the analyst consensus estimate of $132.00 million by 5.17 percent. This is a 0.15 percent decrease over sales of $125.37 million the same period last year.
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American States Water (NYSE:AWR) is set to give its latest quarterly earnings report on Wednesday, 2024-02-21. Here's what investors need to know before the announcement. Analysts estimate that American States Water will report an earnings per share (EPS) of $0.53. American States Water bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.11, which was followed by a
Although U.S. stocks closed mixed on Monday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Block The Trade: Block, Inc. (NYSE:SQ) 10% owner David Goel acquired a total of 540,646 shares an average price of $50.89. To
American States Water (NYSE:AWR) reported quarterly earnings of $0.72 per share which missed the analyst consensus estimate of $0.83 by 13.25 percent. This is a 4.35 percent increase over earnings of $0.69 per share from the same period last year. The company reported quarterly sales of $151.70 million which missed the analyst consensus estimate of $152.00 million by 0.20 percent. This is a 12.38 percent increase over sales of $134.98 million the same period last year.